Oireachtas Joint and Select Committees

Tuesday, 23 February 2021

Public Accounts Committee

Horse Racing Ireland: Financial Statements 2019

10:00 am

Mr. Brian Kavanagh:

It was used to fund working capital needs and there were also trading losses in the years from 2015 to 2019, inclusive. The situation is now a profitable one and a cash profit was generated in 2020. The funding therefore was allocated for the capital and working and trading aspects of the situation in those years.

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